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Business Operations Specialists
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Job Description
North America Specialty Reserving Lead
PAY RATE: $90.00 Per Hour W2
DURATION: 90 Days (to cover a maternity leave)
LOCATION: Hybrid - 1650 Market St #3600, Philadelphia, PA 19103
The North America Specialty Reserving Lead is responsible for managing the day-to-day workflow of up to 4 analysts with the responsibility of coordinating and reviewing the North America Specialty reserving process.
This includes:
Managing the Monthly and Quarterly AvE process, reviewing the outputs and communicating these to actuarial management and North America Specialty UW leads. Using judgement to propose and support decisions of IBNR responses as part of the quarterly financial close. Completing regulatory requirements in relation to the Year End financials including being the point person for annual audit reviews, independent reserve reviews, internal audit and SOX reviews for North America Specialty products. Supporting the strong team culture of innovation by supporting improvements to processes, testing of new ideas and providing guidance and feedback on the analyst suggestions. Running team meetings to ensure cross-learning amongst the analysts and to keep good organization of multiple workstreams each with their own deadlines. Top 3 Skills: General Insurance Reserving Experience, ideally ACAS or FCAS certified. Managerial Experience given strict deadlines relating to the financial reporting timelines of ***. Good communication skills as this is a role with multiple stakeholders within Actuarial and many other departments.
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